Today: Today, Taiwan Semiconductor Manufacturing Co. (TSM) Stock Rating Upgraded by Susquehanna

Today, Taiwan Semiconductor Manufacturing Co. (TSM) Stock Rating Upgraded by Susquehanna

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) was upgraded by Susquehanna from a “negative” rating to a “neutral” rating in a note issued to investors on Tuesday. The firm presently has a $28.00 target price on the stock. Susquehanna’s target price would suggest a potential downside of 8.29% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Nomura downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 12th. JPMorgan Chase & Co. downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Friday, July 8th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, September 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $29.00.

Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) opened at 30.53 on Tuesday. The stock’s 50 day moving average is $29.42 and its 200-day moving average is $26.81. The company has a market cap of $158.33 billion, a price-to-earnings ratio of 17.65 and a beta of 0.95. Taiwan Semiconductor Manufacturing has a 52 week low of $20.45 and a 52 week high of $30.95.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 14th. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.54 by $4.11. Taiwan Semiconductor Manufacturing had a return on equity of 23.38% and a net margin of 33.94%. The company had revenue of $6.84 billion for the quarter. During the same period last year, the company posted $3.08 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing will post $1.89 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. PineBridge Investments L.P. increased its stake in shares of Taiwan Semiconductor Manufacturing by 7.3% in the second quarter. PineBridge Investments L.P. now owns 4,036 shares of the company’s stock valued at $106,000 after buying an additional 275 shares in the last quarter. Carnick & Kubik LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $107,000. Howe & Rusling Inc. increased its position in Taiwan Semiconductor Manufacturing by 11.1% in the second quarter. Howe & Rusling Inc. now owns 4,595 shares of the company’s stock valued at $121,000 after buying an additional 458 shares in the last quarter. Glenmede Trust Co. NA increased its position in Taiwan Semiconductor Manufacturing by 117.5% in the second quarter. Glenmede Trust Co. NA now owns 4,800 shares of the company’s stock valued at $125,000 after buying an additional 2,593 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 94.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,217 shares of the company’s stock valued at $137,000 after buying an additional 2,528 shares in the last quarter. 19.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Company Profile

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